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The Brenmar Sales Company had a gross profit margin? (gross profitsdivided by÷?sales) of 32% and sales of $ 9.4 million last year. 76 percent of the? firm's sales are on? credit, and the remainder are cash sales. ? Brenmar's current assets equal $ 1.7 ?million, its current liabilities equal $296,800?, and it has $100,700 in cash plus marketable securities.
a. If? Brenmar's accounts receivable equal $562,800 what is its average collection? period?
b. If Brenmar reduces its average collection period to 20 ?days, what will be its new level of accounts? receivable?
c. ?Brenmar's inventory turnover ratio is 8.6 times. What is the level of? Brenmar's inventories?
Both stocks have the same reward-to-risk ratio. What is the risk-free rate?
REH? Corporation's most recent dividend was $2.72 per share, its expected annual rate of dividend growth is 5% and the required return is now 15%. A variety of proposals are being considered by management to redirect the firm's activities. Determine ..
Sam Spade sold Bart Black goods on credit for $1,000. Spade then assigned the account receivable to Arte Ashe. Black discovered that the goods were defective--and told Ashe they were worth only $300. Ashe demanded $1,000 from Black because, said he, ..
Your spouse needs a car and you believe you can afford no more than $350 a month for a 5-year car loan. If the interest rate on this loan is 5% percent, what is the maximum you can afford to borrow to purchase this car? Your employer contributes $100..
Bellamee Company has semiannual bonds outstanding with five years to maturity, a face value of $1,000, and the bonds are priced at $920.87. If the bonds have a coupon rate of 7 percent, then what is the YTM for the bonds?
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Nichols Corporation's value of operations is equal to $400 million after a recapitalization (the firm had no debt before the recap). It raised $300 million in new debt and used this to buy back stock. Nichols had no short-term investments before or a..
Will the net present value (NPV) and internal rate of return (IRR) capital budgeting rules ever not give the same accept/reject decision for an investment project? Please explain.
What is an estimate of the sales price using the gross income multiplier approach?
What will be the monthly loan payment? What will be the loan's EAR?
Successive loan deposited in a checking account and no banks keeping any excess reserves - suppose First Main Street Bank loans out all of its new excess reserves to Kristen, who immediately uses the funds to write a check to ]aural.
A municipal bond with a coupon rate of 5.60 percent sells for $4,890 and has eight years until maturity. What is the yield to maturity of the bond?
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